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Today’s global economy is highly interconnected and interdependent. Supply chains across the world are finely tuned to deliver parts just when they are needed, so that companies and industries do…
Japan led, and was transformed, by the global supply chain revolution. Facing growing protectionism in industrialized markets and reeling from sharp yen appreciation in the aftermath of the 1985 Plaza…
The U.S.-China trade war and the pandemic have had a profound impact on cross-border supply chains. In the past few years of U.S.-China tensions, China has been accused of engaging…
China is India’s largest source of imports, nearly 15 percent of which are sourced from China. Many of India’s major imports—electrical machinery, electronic and semiconductor devices, fertilizers, antibiotics, iron and…
2018 has been an incredibly eventful year for both the Koreas and the U.S.-Korea relationship: from North Korea’s participation in the Winter Olympics at the start of the year to…
Interest in the Korean peninsula is generally very narrow in the United States – it tends to be focused on North Korea and security issues, particularly the country's ballistic and…
Last Friday, on November 30, 2018, President George H.W. Bush passed away. In the days that followed, there were many discussions in the foreign policy community about the late president's…
What does a unified Korea look like? Beyond the question of whether the government of this new country will be a unitary or federal one, how will the people –…
The Yalu River floods have receded, but Kim Jong-un might still feel underwater. The North Korean won has fallen nearly in half against the US dollar in informal markets this month and similarly against the Chinese yuan, as reliably reported by Daily NK and Asia Press. This development suggests inflation is on the way in…
President Yoon Suk-yeol’s speech on the commemoration of Liberation Day outlined a revised unification vision based on the values of freedom and democracy. To this end, President Yoon committed to enhancing unification education for South Korean youths, raising North Koreans’ awareness of freedom, continuing humanitarian aid to North Korea, and establishing an inter-Korean working group.…
New economic analysis by Michael Clemens at the Peterson Institute for International Economics (PIIE) challenges the prevailing narrative around South Korea’s demographic challenges. Once the fodder of wonky demographers and social scientists, South Korea’s population is now world-renowned for its extreme drop in birthrates and aging society, a topic I covered last year for KEI.…
Korea’s healthcare spending in 2000 was the lowest among the 38 OECD countries at less than 4 percent of GDP, reflecting the country’s relatively young population and the limited coverage of its National Health Insurance (NHI). However, adjusted for inflation, healthcare spending grew at an annual rate of 7.7 percent from 2000 to 2022, the…